Interm report January-March 2023

Net sales for the quarter increased 23 percent to SEK 8,711 M (7,095). Sales were the highest to date for a quarter. Organic sales increased 7 percent compared with the preceding year, while acquisitions increased sales by 9 percent and currency by 7 percent.

EBIT, excluding items affecting comparability, increased 15 percent to SEK 1,411 M (1,230). The EBIT margin was 16.2 percent (17.3). Earnings were the best to date for a quarter.

Operating cash flow amounted to SEK 549 M (328), an increase of 67 percent. The cash conversion ratio for the most recent 12-month period amounted to 75 percent.